Independent forecourt operator Euro Garages has posted a 47% leap in full-year sales to £646m, driven by the acquisition of 48 new sites.
The chain also revealed profits surged 67% to £30m in the year to 31 July 2014. Without citing figures, it said like-for-like fuel and non-fuel sales had also increased.
Euro Garages acquired 48 forecourts in the Midlands and East of England in May last year, taking its estate to almost 200 sites. “This has been another milestone year for us,” said CEO Zuber Issa. “The latest acquisition of sites has significantly grown our national presence and even more people now have the chance to enjoy and access our forecourt experience.”
Euro Garages added 12 Greggs stores to its forecourts during the year and plans to increase this to 30 by the end of this year, along with 100 Subway and Starbucks concessions. It is also predicting sales will grow to more than £850m, profits will approach £50m, and that it will create a further 2,500 jobs as it continues to open new sites.
“With the backing of our supportive lenders and brand partners, we are pushing ahead with plans to increase our national coverage, particularly in the South of England,” added MD Mohsin Issa.